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December 16, 2022
A court has quashed the income tax department's block on China-based Xiaomi Corp's fixed deposits worth Rs 37 billion, two people familiar with court proceedings said today.
October 7, 2022
ED had ordered the seizure of Rs 5,551.27 crore in the accounts of Xiaomi for allegedly violating FEMA rules.
May 12, 2022
Xiaomi case: The enforcement directorate (ED) had seized the money saying Xiaomi had illegally transferred funds abroad to three entities
May 9, 2022
Xiaomi India has equivocally denied any wrongdoing on its part. Xiaomi India claims its royalty payments and statements to the bank are legitimate.
April 13, 2022
ED is reported to be investigating the company and its executives under the provisions of the Foreign Exchange Management Act (FEMA) related to foreign remittances worth crores of rupees made over the last few years.